Required information [The following information applies to the questions displayed below] The following financial statements and additional information are reported. Additional Information a. A $30,000 notes payable is retired at its $30,000 carrying (book) value in exchange for cash. b. The only changes affecting retained earnings are net income and cash dividends paid. c. New equipment is acquired for $57,600 cash. c. Received cash for the sale of equipment that had cost $48,600, yielding a $2,000 gain. e. Prepaid Expenses and Wages Payable relate to Operating Expenses on the income statement. f. All purchases and sales of inventory are on credit. Required: 1) Prepare a statement of cash flows using the indirect method for the year ended June 30, 2021 Unte: Amounts to be deducted should be indicated with a minus sign. Required information Required information